05.29.03
Top Day Market News
Overnight, stocks are lower on renewed concerns about the Fed cutting back its quantitative easing sooner rather than later. Copper is lower as the IMF cuts back Chinese growth forecasts while the OECD says that growth remains uneven and unemployment remains pernicious. The recent backup in rates has been swift. Gold, the hedge against all unintended consequences, is modestly higher but remains negative in trend.
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Week of May 27 - May 31 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
May 28 |
09:00 |
Case-Shiller 20-city Index |
Mar |
|
10.0% |
10.1% |
9.3% |
|
|
|
May 28 |
10:00 |
Consumer Confidence |
May |
|
72.5 |
72.5 |
68.1 |
|
|
|
May 29 |
07:00 |
MBA Mortgage Index |
05/25 |
|
NA |
NA |
-9.8% |
|
|
|
May 30 |
08:30 |
Initial Claims |
05/25 |
|
345K |
340K |
340K |
|
|
|
May 30 |
08:30 |
Continuing Claims |
05/18 |
|
3000K |
3000K |
2912K |
|
|
|
May 30 |
08:30 |
GDP - Second Estimate |
Q1 |
|
2.7% |
2.5% |
2.5% |
|
|
|
May 30 |
08:30 |
GDP Deflator - Second Estimate |
Q1 |
|
1.2% |
1.2% |
1.2% |
|
|
|
May 30 |
10:00 |
Pending Home Sales |
Apr |
|
0.0% |
1.5% |
1.5% |
|
|
|
May 30 |
10:30 |
Natural Gas Inventories |
05/25 |
|
NA |
NA |
89 bcf |
|
|
|
May 30 |
11:00 |
Crude Inventories |
05/25 |
|
NA |
NA |
- 0.338M |
|
|
|
May |
08:30 |
Personal Income |
Apr |
|
-0.2% |
0.1% |
0.2% |
|
|
|
May 31 |
08:30 |
Personal Spending |
Apr |
|
0.1% |
0.1% |
0.2% |
|
|
May 31 |
08:30 |
PCE Prices - Core |
Apr |
|
0.1% |
0.1% |
0.0% |
|
|
May 31 |
09:45 |
Chicago PMI |
May |
|
49.5 |
49.3 |
49.0 |
|
|
May 31 |
09:55 |
Michigan Sentiment - Final |
May |
|
82.5 |
83.7 |
83.7 |
|
Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.
Legend U is Up
D is Down
PRD is Potential Reversal Day (Change of Trend) S2 is Weekly strong support
S1 is Weekly good support DS is Daily Support
DR is Daily Resistance
R1 is Weekly Good Resistance and is calculated once a week on Sunday night
R2 is Weekly Strong Resistance and is calculated once a week on Sunday night
Levels are for the most active futures contract
Daily Support and Resistance
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Jun ES |
D |
1605 |
1626 |
1641.50 |
1670 |
1679.50 |
1709.25 |
|
Jun Nasdaq |
D |
2910 |
2951 |
2980 |
3031 |
3043 |
3094 |
|
Jun JY |
D |
9528 |
9714 |
97.26 |
98.98 |
10011 |
10122 |
|
Jun EC |
D |
127.35 |
128.27 |
127.92 |
129.35 |
130.05 |
130.91 |
|
Jun 10 Year |
D |
130.01 |
130.22 |
140.01 |
142.30 |
132.06 |
133.01 |
|
Jun 30 Year |
D |
140.25 |
142.25 |
129.27 |
131.05 |
144.28 |
146.13 |
|
July Soybeans |
U |
13.85 |
14.30 |
14.78 |
15.34 |
15.34 |
15.92 |
|
July Corn |
D |
6.15 |
6.36 |
6.57 |
6.72 |
6.73 |
6.90 |
|
June Gold |
D |
1301.3 |
13.43 |
1367 |
1395 |
1420 |
1455 |
|
July Silver |
D |
18.91 |
20.61 |
21.96 |
22.56 |
23.65 |
24.99 |
|
July Copper |
U |
317 |
323 |
327 |
335 |
338 |
347 |
|
July Crude |
U |
89.33 |
91.60 |
93.52 |
96.21 |
96.74 |
99.61 |
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